Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sets New 52-Week High – Here’s What Happened

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $59.69 and last traded at $59.37, with a volume of 61424 shares. The stock had previously closed at $59.19.

Avantis U.S. Small Cap Equity ETF Stock Performance

The stock has a market cap of $2.05 billion, a PE ratio of 14.03 and a beta of 1.10. The stock has a fifty day moving average price of $57.37 and a 200 day moving average price of $55.07.

Institutional Investors Weigh In On Avantis U.S. Small Cap Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the 2nd quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in Avantis U.S. Small Cap Equity ETF in the 3rd quarter worth about $27,000. YANKCOM Partnership bought a new stake in Avantis U.S. Small Cap Equity ETF in the third quarter worth about $29,000. Global Retirement Partners LLC boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 82.4% during the third quarter. Global Retirement Partners LLC now owns 549 shares of the company’s stock valued at $31,000 after buying an additional 248 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the third quarter valued at approximately $40,000.

Avantis U.S. Small Cap Equity ETF Company Profile

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.